The financial statements for Nike, Inc., are available in Appendix E. The following additional information is available (in thousands):
Accounts receivable at May 31, 2013: $3,117
Inventories at May 31, 2013: 3,484
Total assets at May 31, 2013: 17,545
Stockholders’ equity at May 31, 2013: 11,081
1. Determine the following measures for the fiscal years ended May 31, 2015, and May 31, 2014. Do not round interim calculations. Round the working capital amount in part (a) to the nearest dollar. Round all other final answers to one decimal place. When required, use the rounded final answers in subsequent computations.
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What financial statementents are needed? 14-10i Nike, Inc., Problem Financial Statement Analysis The financial statements for Nike, Inc., are presented in Appendix E at the end of the text. The following additional information is available (in thousands): Accounts receivable at May 31, 2013 Inventories at May 31, 2013 Total assets at May 31, 2013 Stockholders' equity at May 31, 2013 $ 3,117 3,484 17,545 11,081 17,545 Total assets at May 31, 2013 11,081 Stockholders' equity at May 31, 2013 Instructions...
Nike, Inc., Problem Financial Statement Analysis The financial statements for Nike, Inc., are presented in at the end of the text. The following additional information is available (in thousands): Accounts receivable at May 31, 2013 $ 3,117 Inventories at May 31, 2013 3,484 Total assets at May 31, 2013 17,545 Stockholders' equity at May 31, 2013 11,081 Instructions Determine the following measures for the fiscal years ended May 31, 2015, and May 31. (Round ratios and percentages to one decimal...
Financial Statement Analysis The financial statements for Nike, Inc., are presented in Appendix D. Use the following additional information (in thousands): Accounts receivable at May 31, 2014: $3,117 Inventories at May 31, 2014: 3,947 Total assets at May 31, 2014: 18,594 Stockholders' equity at May 31, 2014: 12,000 1. Determine the following measures for the fiscal years ended May 31, 2016, and May 31, 2015. Do not round interim calculations. Round the working capital amount in part (a) to the...
Computing Asset Ratios The following information relates to Nicke Inc. Total Fixed Total Net $ millions Assets Assets Revenue Income Fiscal Year 2016 $3,168 $19,256 $29,138 $3,384 Fiscal Year 2015 2,981 21,381 27,541 2,946 Fiscal Year 2014 2,551 16,735 Nicke's fiscal years 2016, 2015, and 2014, end on May 31, 2016, 2015, and 2014, respectively. Required a. Compute the asset turnover ratio for fiscal years 2016 and 2015. b. Compute the return on assets ratio for fiscal years 2016 and...
Computing Asset Ratios The following information relates to Nicke Inc. Total Fixed Total Net $ millions Assets Assets Revenue Income Fiscal Year 2016 $4,224 $25,675 $38,851 $4,512 Fiscal Year 2015 3,613 25,916 36,721 3,928 Fiscal Year 2014 3,401 22,313 Nicke's fiscal years 2016, 2015, and 2014, end on May 31, 2016, 2015, and 2014, respectively. Required a. Compute the asset turnover ratio for fiscal years 2016 and 2015. b. Compute the return on assets ratio for fiscal years 2016 and...
Cola Inc. and Soda Co. are two of the largest and most successful beverage companies in the world in terms of the products that they sell and their receivables management practices. To evaluate their ability to collect on credit sales, consider the following rounded amounts reported in their annual reports (amounts in millions) Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Cola Inc. 2015 2014 2013 530,819 526,190 527,444 4,388 3,723 3,051...
Inventory Turnover for Raven, Inc. The following amounts are available from the 2015 financial statements in the Form 10-K for Raven, Inc., Inc., the fashion retailer. (All amounts are in millions of dollars and January 30, 2016, is the end of the company’s 2015 fiscal year.) Cost of sales and related buying and occupancy costs $7,829 Merchandise inventories, January 30, 2016 1,117 Merchandise inventories, January 31, 2015 1,038 Required: 1. Compute Raven, Inc.'s inventory turnover ratio for 2015. If required,...
Need answers to the case questions 1, 2, 3, and 4. 40 PARTI Pinance Basics are list listed EXHIBIT 2.2 Under Armour balance sheet. v REL A December 31. Under Armour, Inc. and Subsidiaries Consolidated Balance Sheets (in thousands, except share data) December 31 2014 2013 MEA the equi Not of 2 F DE RIS $ 593,175 $347.489 279.835 536,714 87.177 52,498 1,549,399 305,564 123,256 26,230 33,570 57,064 $2,095,083 $1,577,741 209.952 469.006 63,987 38,377 1,128,811 223,952 122,244 24,097 31,094 47,543...
$ millions Operating assets Nonoperating assets Total assets Operating liabilities Nonoperating liabilities Total liabilities Total Oracle stockholders' equity Total revenues Operating income before tax Nonoperating expense before tax Tax expense Net income May 31, 2015 May 31, 2014 $62,090 $57,002 54,368 38,819 116,458 95,821 20,180 19,055 41,958 24,097 62,138 43,152 54,320 52,669 38,559 13,993 1,037 3,498 9,458 a. Compute return on equity (ROE) Round answer to two decimal places (ex: 0.12345 = 12.35%) 17.68 % b. Compute return on net...
Cola Inc. and Soda Co. are two of the largest and most successful beverage companies in the world in terms of the products that they sell and their receivables management practices. To evaluate their ability to collect on credit sales, consider the following rounded amounts reported in their annual reports (amounts in millions). Cola Inc. Soda Co. Fiscal Year Ended: 2015 2014 2013 2015 2014 2013 Net Sales $ 35,519 $ 31,990 $ 32,944 $ 58,838 $ 44,232 $ 44,251...